Are you experiencing debt that has been piling up lately? Are you burnt out from trying different financial advice and tips but haven’t solved your problems?
Perhaps you’re here because you’ve tried every thing.
In most cases, the most effective approach is to talk to experts who can assist you resolve the issue.
CuraDebt is one of the most asked companies. A lot of people are asking if they can assist you or help you get into more debt.
According to their customers, they can help you control 80percent of your debts so that you can finally take a couple of things off your plate.
However, for certain people, these claims are just too good to be true.
You might be looking for something that will help you resolve your debt. In this case, CuraDebt will mostly be recommended by people. We’ll be taking a deep look at the way CuraDebt works and what problems it can help you solve.
In addition, prior to our conclusion our discussion, we’ll take a look at its benefits and drawbacks.
Before you begin the review, check out this video instead for a more relaxing way for it to be watched.
Otherwise, let’s begin.
Before you go on, you may want to check out this video by CuraDebt Debt Relief Reviews on YouTube that gives a quick overview. After, you’ll want to read the rest of the article for a more comprehensive review.
About the Company Tax Relief Under Section 80C
CuraDebt is an organization that deals with debt relief in Hollywood, Florida. It was founded in 2000, and is an active member of the American Fair Credit Council, the US Chamber of Commerce, and has been accredited by the International Association of Professional Debt Arbitrators.
Although the service is accredited, some states have limited their access to their services.
What can CuraDebt do?
Assistance in settling your debt is CuraDebt’s most popular feature. But they offer other services that can help you be more financially secure.
It all begins with requesting a free savings estimate online. The service is completely confidential and won’t conduct a credit inquiry. With this estimate of savings you’ll discover more about other options in your journey to debt-free.
Savings estimates, as mentioned earlier, provides you with an insight into your options, regardless of whether you’re planning to continue using CuraDebt.
CuraDebt will assign you a financial advisor as well as a support team to assist you in navigating credit arbitration if you decide to join. Financial advisors may be able to assist you with your debt-free journey.
Following your debt settlement plan, CuraDebt is the one to take care of all your creditors’ calls. They will also be the ones who determine the terms of your settlement based on the status of your financial situation. Depending on which works most effectively for you, it could be either a lump sum settlement or the option of a payment plan.
Furthermore, they will work with creditors so that you can have better rates as you make deposits to your savings account, which in turn, will be processed to pay creditors. Their plans can help you settle the debt within the period of 48 months.
After you’ve signed up with them, they will give you access to your data 24/7. All you need to do is login to CuraDebts Client Portal to monitor your development.
Before you can avail of their program, you’ll need to satisfy their criteria first. For eligibility, you’ll have to meet the following requirements:
- At least 21 years old
- Verifiable income
- You must have a minimum balance of $5,000
What are they able to assist you?
Here are the different ways CuraDebt can assist you.
As their name suggests, CuraDebt can help you deal with your debt. They are able to negotiate settlements on your behalf for most types of debt. These include personal loans, medical bills credit cards and also lines of credit. You can also approach them to settle any outstanding amount on business debts collection, repossessions, or collections.
They can even help negotiate with back taxes as well as IRS debt. However, you will not receive support for most claims, loans from the government as well as collateral and utility bills. The same goes for student loans.
On the other hand, they will help you use laws like those of the Telecommunications Consumer Protection Act (TCPA) and the Fair Debt Collection Practice Act (FDCPA). They can also assist you in identifying creditor violations in order to get cash settlements, should it be possible. Certain violations could lead to having your debts dismissed as well.
CuraDebt also allows you to repay debt for less than the sum you have. You can also inquire about your debt during their no-cost meeting with their debt counselor.
The best part about their program is that you only be charged once your debt is settled. All you need to do is sign up with one of their plans, and you’ll be able to resolve all of your debts.
Tax Management and Relief
CuraDebt will also handle your tax debt. Once they collect all of your financial documentation and tax documents, they’ll also collect all the paperwork you’ll need to file tax returns.
By using this program, you should be able to solve the various types of tax problems such as wage garnishments and tax penalties, personal and corporate taxes and back taxes as well as trust fund penalties and tax liens.
There aren’t any hidden costs also. They only use flat-fee pricing that is based on the amount you have to pay.
There are a variety of options in the settlement of the tax debt. Here are six of them:
- Installment agreements
- Offer in Compromise
- Collection statute expiration date
- Tax lien subordination
- Penalty abatements
- Currently non-collectible
What kinds of debts can they help you with?
While debt settlement is their specialization however, they do not offer all kinds of settlement. CuraDebt is only focused on unsecured debt. They aren’t able to help you if your loan or debt is linked to an actual item.
However, if you have the following types of debt, they’ll make arrangements for settlements.
With CuraDebt the service, you’ll be able pay off your past-due tax debts without any issues. Furthermore, this service is available across all 50 states, if you have a debt towards the IRS. They have federal tax experts to assist you with these kinds of problems.
CuraDebt can also assist in settling your medical debt. In some cases you could even settle the debt for less than you are owed.
Private Student Loan
CuraDebt doesn’t cater to federal student loans. They can however assist private students with negotiating any student loans that they have to pay.
Personal loans and payday loans are also eligible as debt-settling programs. You may also be eligible the program if you have other unsecure credit lines that you got from an alternative financial institution or bank.
Credit Card Debt
Whether you have debt with store credit cards as well as traditional credit cards and private-label credit cards CuraDebt will assist you in paying it off.
What will it cost you?
The best part about CuraDebt is the way they’ve priced their services. They don’t charge an upfront fee. Only pay when you’ve paid each of your debts.
They also don’t have high-cost fees as well. On average, you’ll have to pay between 20 and 20% of the debt you settled with them.
In the average, this kind of industry charges between 15 and 25%.
Moreover, clients can expect to settle their debts within between 2 and 4 years. This varies according to the amount you can save up per month.
They also claim that you can save up to 30% when you factor in their fees in your equation.
However, the claim may differ based on your situation. Some customers even claimed to save 50 to up to 80%.
Benefits of using CuraDebt
Now that you have an understanding of what CuraDebt can offer you Let’s take a look at the benefits that come with using CuraDebt.
First, CuraDebt will only charge you after you’ve settled your debt. Additionally they only charge an amount of 20%, while most companies charge you 25 percent.
If you’re finished with the debt settlement program you can enroll in their credit repair program.
It’s an excellent way to restore your credit without having to go back into debt. However, the program runs differently for each person, depending on your situation.
Lastly, CureDebt looks into your credit to assist with settlements and negotiations. So, the amount you owe won’t rise over time. They’ll also look into any creditor violations with the help of their own experts.
Drawbacks of the use of CuraDebt
Let’s also look into some of the disadvantages of CuraDebt.
Debt relief and debt settlements often require you to stop making payments using your credit card. Therefore, if you’re trying build a better rating on your credit, this could set you back while you’re finishing your debt.
CureDebt doesn’t even have a mobile app available. While they do have a website that clients can access but it’s outdated and basic. It’s not particularly intuitive, and it can be challenging to navigate.
Furthermore, they are not recognized by their Better Business Bureau although they did receive an A+ rating.
The Final Verdict
CuraDebt is a good program that lets you settle your debt without spending more for these types of services. Moreover their 20% service charge is cheaper than most businesses that charge a 25% fee. There are no upfront payments and you’ll only have to pay when the debt is paid off.
While they’ll provide you with an account to see your progress however, their website isn’t simple to navigate. CuraDebt does not have an app, which would make it easier to look at your progression.
They do have a great support team and can be reached them not only through emails but also via phone or sending an electronic ticket. Tax Relief Under Section 80C
If credit card is a major problem right now, we strongly recommend CuraDebt’s debt management program. Be sure to be eligible and that the services that they provide are offered in your state.
FAQ Tax Relief Under Section 80C
How long will it take to complete the program?
The program typically takes 24 to 48 months, depending on the amount of your debt and the agreed settlement.
Can CuraDebt aid with state tax problems?
Sure, CuraDebt has a tax relief program to help you with problems like delinquent tax and garnishments on wages.
What do I need to do when I’m enrolled in the program?
You’ll need to constantly communicate with the team and make the necessary payments to reduce your debt over time.